BIOVIT Selected as 2020 Magok Weconomy-Startup #1

Challenge's Most Anticipated Startup


2020-08-01

BIOVIT has been selected as one of the five most anticipated companies in the ‘2020 Magok Weconomy-Startup Challenge,’ lead by Seoul Business

Agency (SBA).

Magok Weconomy-Startup Challenge is a business that scouts startups that could lead the future, and aim to aid their growth using quality resources

from multiple businesses in Magok. Startups from various fields such as: AI/Big Data, materials, bio, production, etc have applied for the challenge

and gone through preliminaries and final selections to five startups.

BIOVIT gained attention with its amazing technology and growth, being elected as one of the final five startups. With this, BIOVIT has been funded

20 million won from the SBA, followed by Seoul Startup HUB space/POC funding of 10 million won.

With success from this program, BIOVIT has become an exemplary startup for KOLON technologists, big businesses and startups alike, and will take this opportunity to connect to many others toward the future.